You don't need a chart to know what -64% in one day means. That's not a dip. That's an exodus.
But the last 4H candle deserves a second look. It printed a 51% range bar with a close near the lows. That's a flush, and flushes this violent usually leave something behind.
RSI on the 4H is at 17.5. At this level, with ATR expanded to 0.00065, any bounce gets violent too.
The bearish FVG between 0.00230 and 0.00286 is miles above now. It's a ceiling, not a target. The volume profile POC at 0.000745 is also above. Anyone who bought there is underwater. That's overhead supply, and it's heavy.
The 4H structure is the only one worth reading. Trend alignment is bearish. Current pivot around 0.000361. If that level holds as resistance, the path of least resistance points toward 0.000329.
Lose the 0.000380 area on a 4H close and this read is off the table.
My read: a falling knife with no visible floor yet, but the oversold extreme and the sheer size of the last candle suggest a bounce attempt is statistically near. The risk isn't missing the bounce — it's catching a dead cat with zero futures liquidity to cushion it.
Tap $BETA to pull up the chart and check these levels yourself. I'll be watching whether 0.000360 flips or rejects.
Where do you see the next real support on $BETA — lower than 0.000310, or is that the bottom? 👇
Follow for the next read on this chart.
⚠️ Not financial advice. DYOR.
#BETA #Crypto #Altcoins #BinanceSquare
But the last 4H candle deserves a second look. It printed a 51% range bar with a close near the lows. That's a flush, and flushes this violent usually leave something behind.
RSI on the 4H is at 17.5. At this level, with ATR expanded to 0.00065, any bounce gets violent too.
The bearish FVG between 0.00230 and 0.00286 is miles above now. It's a ceiling, not a target. The volume profile POC at 0.000745 is also above. Anyone who bought there is underwater. That's overhead supply, and it's heavy.
The 4H structure is the only one worth reading. Trend alignment is bearish. Current pivot around 0.000361. If that level holds as resistance, the path of least resistance points toward 0.000329.
Lose the 0.000380 area on a 4H close and this read is off the table.
My read: a falling knife with no visible floor yet, but the oversold extreme and the sheer size of the last candle suggest a bounce attempt is statistically near. The risk isn't missing the bounce — it's catching a dead cat with zero futures liquidity to cushion it.
Tap $BETA to pull up the chart and check these levels yourself. I'll be watching whether 0.000360 flips or rejects.
Where do you see the next real support on $BETA — lower than 0.000310, or is that the bottom? 👇
Follow for the next read on this chart.
⚠️ Not financial advice. DYOR.
#BETA #Crypto #Altcoins #BinanceSquare
